First Time Homebuyer Loan Program

The First Time Homebuyer Loan Program (FTHLP) provides financial assistance in the form of a deferred loan, for income-qualified first-time homebuyers who are in the process of buying a home in Dublin.

Loan Features

Loans are available for both market rate and below market rate (BMR) homes. Key features include:

Term

BMR Homes

Market Rate Homes

Loan Amount

Up to 15% of the purchase price,
with a maximum of $40,000

Up to 10% of the purchase price,
with a maximum of $40,000

Interest Rate

3.5% simple interest

Loan Term

30 years, deferred payment

Eligibility Requirements

Household eligibility requirements include but are not limited to:

Requirement

Description

Maximum Income

Total household income must be at or below the current moderate-income level. The
maximum income is established annually and is adjusted for household size. For 2017,
the maximum incomes are:

1-person: $81,850

2-person: $93,500

3-person: $105,200

4-person: $116,900

5-person: $126,250

6-person: $135,600

7-person: $144,950

8-person: $154,300

First-Time Home Buyer

No member of the household may have owned real property for the past three years.

Down Payment

Applicants must provide a minimum of 3.5% of the sales price as a down payment.

Primary Loan Qualification

Applicants must be pre-approved for a primary loan that conforms to City requirements (30 or 40 year fixed-interest). The City's FTHLP loan will be secondary to this primary loan.

How to Apply

To apply for the FTHLP, submit an application packet. Applications can be downloaded. You may also contact the Housing Division at 925-833-6610 or by email to have an application mailed to you, or pick up an application from the Community Development Department at:
Civic Center
100 Civic Plaza
Dublin, CA 94568